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Ron Chalmers, edmontonjournal.com7 i$ B7 {- N& j% h8 _
Published: Wednesday, April 04, 2007
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" ~; v/ s: G* E( j6 ~& c! mAverage house prices have hit half a million dollars in southwest Edmonton and almost $400,000 across the Capital region.
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“It is clear that housing prices have not yet peaked,” Carolyn Pratt, president of th Edmonton Real Estate Board said Wednesday, releasing the March sales figures from the Mutiple Listing Service.& W! J& H) x+ a1 u
7 A& R$ [& E; b$ K; _- aEdmonton-area prices averaged $398,476 for single-family homes and $325,339 for all housing forms./ \) x# J* H( ?7 F1 ] E/ M- u6 r
% ]; ?5 x0 t5 X9 O5 D6 |. W- d4 {In only the first three months of this year, average home prices have climbed 12.4 per cent, so Pratt has abandoned her earlier forecast of a 15 per cent increase for the full year.
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“We’re predicting that prices will continue to rise until August, at four to five per cent per month, then at two per cent per month,” she said today.. J; w- n0 m R3 L) @
Average prices for single-family homes varied from $501,838 in Southwest Edmonton, and $484,168 in St. Albert, to $320,600 in Morinville, $312,730 in northeast Edmonton and $281,480 in central Edmonton. |
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